The global Unmanned Aerial Vehicle (UAV) market has witnessed a meteoric growth over the past decade. Military UAVs are considered a key component and an integral part of a country’s defense system. The commercial UAVs have witnessed a huge transformation after the exemptions from Federal Aviation Administration (FAA) regulations. Major companies in the UAV market are targeting customers by introducing new and improved applications.

Unmanned Aerial Vehicles (UAV) market has witnessed a meteoric growth over the past decade. The overall market growth is attributed majorly to the increasing territorial disputes and threats between nations across the globe. Moreover, the growing proliferation of UAVs in civil and commercial sectors has further triggered the growth of the UAV market. The global UAV market volume is anticipated to reach 4.7 million units by the end of 2020.

This report identifies the global UAV market in different segments such as class, types, application, payload, component, and geography. Moreover, the market volume and value of sub segments of the above mentioned divisions is also mentioned in the report. The report highlights the vital factors impacting the growth of the market which includes a detailed analysis of drivers, restraints, opportunities and challenges in the industry. The major factor restraining the growth of UAV market identified in this report is the imposition of rules and regulations on operating UAVs in the civil airspace. Besides, there are several technological challenges faced by UAV manufacturers including minimization of sensors, increasing endurance, building lightweight UAVs, and making UAVs capable of performing with high precision. The report also includes the value chain analysis of the UAV industry with value addition at every stage. It is identified that the manufacturing of UAVs along with payload integration adds maximum value to the overall price of UAV.

The ongoing UAV programs and the expected amount of funding of the UAVs in the future are included in the report along with the country wise procurements statistics. Key market players for commercial and non-commercial applications are listed in the report. Besides, the organic and inorganic growth strategies of the top players including the new product launches, research & development, mergers and acquisitions, partnerships, collaborations and agreements are exclusively included in the report. Moreover, the market share statistics of commercial and non-commercial UAV manufacturers based on volume for the current year has been incorporated in the report.

The major applications covered include military, homeland security, and commercial applicability. In-depth analysis of sub applications under these major three applications is included in the report. Various commercial applications covered in the report are agriculture, hobby, oil & gas, mapping, surveillance, mining, photography, filming, product delivery, and wildlife research and monitoring, among others. Market volumes of UAVs for Intelligence, surveillance, and reconnaissance along with the combat operations are mentioned in the report. Besides, the several sub applications of UAVs under homeland security such as border security, police investigation, disaster management, search & rescue are identified and analyzed.

Lastly, the detailed company profiles of key UAV manufacturers for commercial as well as non-commercial applications are included in the research study. This section consists of the company’s business overview including financials, sales in different business segments and geographies, research and development spending; products and services of the company; recent developments including organic as well as inorganic developments; SWOT analysis; and the analyst’s view about the company. Moreover, the competitive analysis of top manufacturers for both commercial as well as non-commercial application is also analyzed in the report.

The global Unmanned Aerial Vehicle (UAV) market has witnessed a meteoric growth over the past decade. Military UAVs are considered a key component and an integral part of a country’s defense system. The commercial UAVs have witnessed a huge transformation after the exemptions from Federal Aviation Administration (FAA) regulations. Major companies in the UAV market are targeting customers by introducing new and improved applications. The following figure illustrates the estimated and forecasted market volume of UAVs from 2014 to 2020.

Major technological as well as financial advantages of UAVs over their counterparts are driving the UAV market globally. Despite the number of regulations laid down by governmental institutions and FAA over using UAVs in commercial spaces, the UAV manufacturers were successful in launching the UAVs in various applications such as agriculture, mining, photography, filming, product delivery, wildlife research and monitoring, and oil & gas pipeline inspection among others.

The report also provides a detailed analysis of UAV market in different segments such as market by class, by application, by payload, and by geography. A summary of the complete report is briefed in this chapter, giving a detailed insight on different segments of the UAV market.

The key drivers that will augment the demand for UAVs includes factors such as ongoing conflicts and terrorist attacks, increasing demand for actionable intelligence, need for precision farming and hyper spectral imagery, and the penetration of UAVs in various civil applications. Despite to these, the high accident rates of UAVs, and government regulations on the use of UAVs and their export has restraint the growth of the market to some extent.

An in-depth analysis of UAV applications for all regions has been covered in this report. The geographic segmentation covers major regions including North America, Europe, and Asia-Pacific which are major hubs for UAV manufacturers and payload integrators. The country analysis for this market is covered in the report which included major countries such as the U.S., Canada, Italy, the U.K., Israel, France, Germany, China, India, Japan, and Brazil, among others.

At the end of the report, a thorough analysis of the key players in the UAV market is provided which focuses on a detailed study based on financials, product portfolio, key developments, competitors, as well as a Strength, Weakness, Opportunity and Threat (SWOT) analysis. Some of the emerging players (which consist of startups) are also discussed under this section.

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